What is Artificial Intelligence?

Artificial intelligence (AI) is the ability of a computer program or a machine to think and learn. It is also a field of study which tries to make computers “smart”. … In general use, the term “artificial intelligence” means a machine which mimics human cognition.

Computers are great at some things but not others. So it’s no surprise building computers that are intelligent is complicated. Scientists and programmers are busy trying to make computers have artificial intelligence, the ability to gain and apply knowledge and skills. Artificial intelligence also is called AI.

How AI Is Used?

There are many interesting projects with computers and artificial intelligence.

Usage

  • MIT has a project called DragonBot which helps young kids learn.
  • The Wikipedia online reference site also uses artificial intelligence to help in their article editing process.
  • The Associated Press uses software from Automated Insights to write thousands of articles.
  • Smart Cars – In the near future, driving cars will be automated .The sensors and software will blend together to create artificial intelligence.
  • Virtual Personal Assistants – Siri, Cortana, and other personal assistant software use information stored on multiple computers connected to the internet that can act as one computer. This makes a vast network of data and processing power available to answer queries in real time.

Is Artificial Intelligence Good or Bad?

As with any new technology, whether or not artificial intelligence software will be good or bad for humanity is an open question. Definitely AI software will put people out of jobs. And it is equally certain AI will create jobs, for example, programming and fixing robots.

 

It is possible software and machines with artificial intelligence also will treat people unfairly and kill people. This is already a reality. In the world before software and intelligent computers, people acted unfairly and worse towards people, willfully and based on lack of information or misinformation. Perhaps the more interesting question is how humans will set limits for intelligent In computers and how those limits will be enforced.

So your smartphone, your car, your bank, and your house all use artificial intelligence on a daily basis. AI is everywhere, and it’s making a huge difference in our lives every day.

Some more reading –

Artificial Intelligence — The Revolution Hasn’t Happened Yet

ARTIFICIAL INTELLIGENCE IS HERE – DISRUPTION IS IMMINENT!

In one of my previous articles, I’d written about how tech-led transformations in various sectors are changing India Inc.We, as investors, must, therefore, understand the market trend and the winning themes of the future before taking any investment decision. Now let’s study about some tech innovations that are now disrupting the entire industry – Artificial Intelligence (AI) and Machine Learning (ML).

Artificial Intelligence: Most websites these days generate an auto pop-up to greet its visitors and ask whether they need any information regarding the company’s products. Who do you think is asking this? Typically, in earlier days, a back-end support team would interact with visitors to educate them on the products. However, in most places today,there is no human behind the screen when such pop-ups (chatbots) show up on the website. You can interact with these chatbots in English and get a satisfactory response in the same language. How is this possible? That’s the power of AI.AI is about mimicking human behavior, pulling human intelligence and applying machine power to implement that behavior. We humans learn through experiences in our lives. We analyze the data and the situation surrounding us and then act based on our past experience or the knowledge gathered. AI is meant to do the same thing but learn from human experience i.e. past data. Thus the key element of this ecosystem is abundant data. Machines learn from the past data using Machine Learning (ML) techniques, that help them mold their behavior based on the learning.

AI is important for the industry as humans have certain limitations and are prone to errors while machines, on the other hand, are accurate, efficient and at scale. Therefore, AI is likely to soon dominate the global economy transforming every aspect of our daily life. Its impact on the major sectors of the economy is extensive and corporates are bound to change their traditional way of doing business to stay competitive. AI will not only boost their profitability due to cost effectiveness but also improve the scale of operations. Imagine a future where production lines are completely automated and new production lines can be seamlessly set up. Driverless cars has become the new normal for automobiles or what if robots start taking care of elders and help them move around. These are examples of real possibilities in the near future, which opens up immense opportunities for industries using AI-based tech innovation.

How is the industry changing due to AI? AI is changing the fate of the industry and India Inc is not far behind. Several start-ups do such work already. Cloud Computing, ML and AI technologies together, which come at a low cost, enable organizations to gather and analyze large volumes of data and deliver critical information to the least privileged. Let’s see how AI can help transform some industries. Agriculture plays a vital role in India’s economy as over 58% of the rural households depend on agriculture as their principal means of livelihood (Source: IBEF). Agricultural exports constitute 10% of India’s exports and it is the fourth-largest exported principal commodity category in India. With limited land availability, the only way to boost the crop output is by increasing the per acre crop yield and AI can be a game changer in achieving this. On the back of higher FDI inflows and favourable government initiatives, the agriculture sector is looking at ways to leverage technology for better crop yield. Many tech companies have emerged in the past few years with targeted agri-based solutions that benefit farmers and eventually increase the agri output for India. Crop and soil monitoring leveraging sensors, IoT (internet of things) based technologies to monitor crop and soil health,predictive agricultural analytics to predict the optimal time to sow seeds, get alerts on risks from pest attacks, supply chain efficiencies by using real time data analytics, remote sensing technology, weather advisory, monitoring crop health and automating farm activities are some areas being worked upon to realize a better crop yield.

Automated quality analysis of food products is an accurate and reliable method for grading fresh products characterized by color, size and shape. This is possible by feeding the AI engine with images of good and bad quality products and then, teaching it how
to grade the products in an automated manner using Deep Learning (DL) technology. Tech giant, Microsoft, is helping Indian farmers with its AI technology. Microsoft in collaboration with ICRISAT (International Crops Research Institute for the Semi-Arid Tropics) has developed an AI Sowing App that uses ML and business intelligence from the Microsoft Cortana Intelligence Suite. To calculate the crop-sowing period, historic climate data (spanning over 30 years from 1986 to 2015) for a specific area in Andhra Pradesh was analyzed using AI. Moisture Adequacy Index (MAI) was calculated to
determine the optimal sowing period. MAI is the standardized measure used for assessing the degree of adequacy of rainfall and soil moisture to meet the potential water requirement of crops.(Source Money Times)

Click_HereCredit/Source – www.kidscodecs.com

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